Consistent. This is what many forex traders are looking for.
Many who have recently traded have complained, why it is so difficult to maintain for profit. I asked, what is the problem?
They say, just lose and trade. If you make a profit, after that when you lose in a row, how do you maintain a profit?
Ok here are some factors you need to understand.
#How Long How Long Trading?
Time and experience play an important role. Just like we hear the story of business people, it is rare to continue to make a profit. Even if it is profitable, later due to poor business money management, the business will eventually lose.
So is forex trading. How do we know if we can be consistent or not? Everything must play with time.
That means we have to monitor for a long time. After 12 months of trading, we can only see our profit pattern.
Maybe month 1 to month 5 = maintain about 7% -10%
But month 6 there is a big issue and so on and we still continue to trade = Result loses almost 15%
But after that 7-12 months = we can maintain around 6% a month.
If it is consistent, only we are lazy and there is a mistake that is to try to trade in month 6 where there are too many scary big issues such as (Brexit, election, and so on).
That is an example, it does not matter how many months. When there is a big issue, we reduce our trading. Protect our capital, because, at times like this, even the speed of movement is indefinite and will cause our order "slippage".
So we have about 12 months maybe to see our trading pattern.
But make sure in the 12 months of trading, everything follows the rules, there is a trading plan, control MM, there is a journal log, and so on. Just got a record, learned from mistakes.
#After 12 Months What Do You Get?
Profit is not what we are looking for in these 12 months. We are looking for skills and experience. With skill and experience then we will rise to another high level. Skills and experiences can give us a sense of confidence and courage.
If everything is in order. Only then can we start with a bigger account, target to pay a bigger commitment, and so on.
# Reason
Many say, “Wow, after 12 months can only increase capital and so on? Long time to wait ”Just kidding. Well, I trade as usual. Depot 100 USD and stab up to 10K USD.
You can try that way, and I'm sure you will not succeed. You can clap your chest and ask your appetite. If you still have many reasons, do not dream of becoming a successful trader.
All because of the impatient attitude. Do you remember how easy it is to live with forex trading? Many after 5 years in this field have just felt, "why a lot of waste of the past did not really plan". It's been 10 years in this field. Nothing will happen again. Are you sorry?
# Running time
Whatever your reason, want to change or not, want to succeed or not, time goes on. So make the most of your time. Yes or no, if you are interested in this field, really study. Good plan. Make sure you are not interested in "gambling" in the forex trading platform.
#The Biggest Secret
Be patient! Postpone the nature of wanting to get rich quick. Be patient and continue to be consistent in the discipline of learning forex trading. You will succeed!
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Consistent In Forex Trading, It Is Not Difficult If You Understand These Tips
August 13, 2020
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